MIND TECHNOLOGY, INCMINDEarnings & Financial Report
Mitcham Industries, Inc. is a company founded in 1987, and is based in Huntsville, Texas. The company markets geophysical and other equipment to seismic data acquisition contractors conducting surveys on land, marsh, and marine areas, both shallow and deep water. There are mainly two segments operating in the company, namely an Equipment Leasing segment and an Equipment Manufacturing segment. In October 2011, the Company opened a new logistics and repair facility in Budapest, Hungary, and thr...
MIND Q3 2026 Key Financial Metrics
Revenue
$9.7M
Gross Profit
$4.5M
Operating Profit
$774.0K
Net Profit
$62.0K
Gross Margin
46.6%
Operating Margin
8.0%
Net Margin
0.6%
YoY Growth
-20.0%
EPS
$0.01
Financial Flow
MIND TECHNOLOGY, INC Q3 2026 Financial Summary
MIND TECHNOLOGY, INC reported revenue of $9.7M for Q3 2026, with a net profit of $62.0K (0.6% margin). Cost of goods sold was $5.2M, operating expenses totaled $3.7M.
Key Financial Metrics
| Total Revenue | $9.7M |
|---|---|
| Net Profit | $62.0K |
| Gross Margin | 46.6% |
| Operating Margin | 8.0% |
| Report Period | Q3 2026 |
MIND TECHNOLOGY, INC Annual Revenue by Year
MIND TECHNOLOGY, INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $46.9M).
| Year | Annual Revenue |
|---|---|
| 2025 | $46.9M |
| 2024 | $36.5M |
| 2023 | $35.1M |
| 2022 | $23.1M |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.2M | $9.7M | $10.0M | $12.1M | $15.0M | $7.9M | $13.6M | $9.7M |
| YoY Growth | -17.8% | -23.1% | 14.7% | 143.4% | 47.5% | -18.4% | 35.1% | -20.0% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $33.5M | $34.9M | $37.8M | $36.1M | $36.7M | $36.2M | $35.8M | $47.3M |
| Liabilities | $10.8M | $11.2M | $13.3M | $10.9M | $9.4M | $9.6M | $7.0M | $7.4M |
| Equity | $22.6M | $23.6M | $24.5M | $25.2M | $27.3M | $26.6M | $28.8M | $39.9M |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $657000 | $-4.8M | $1.1M | $2.3M | $2.1M | $4.1M | $-1.2M | $894000 |